pricing terms

[AndrewSA]

Of those of you that do commercial work, I was wondering how you handle the payment.

I normally ask for half down of the estimate as a deposit to start the work and then on completion, invoice the company. they have 30 days to pay the balance.

How do you guys/gals do it?

[Pikachu]

One way I used to invoice things to get paid a little sooner was to set terms of Net 30 days and 1% 10 days. In other words, I gave a 1% discount for payment in 10 days or less. Helps with the overall cashflow.

[AndrewSA]

that's a good idea. I currently use the Net 30 day thing. I wonder if it would be weird to say balance due upon completion of job. I'm guessing that would be a big hastle for the billing departments for a lot of busnesses.

Do you get a deposit before starting a project? I usually do half down. I've only had one client kinda wrinkle their nose at that, so not sure if that is kinda uncommon or what (getting half down).

Originally Posted by Pikachu

One way I used to invoice things to get paid a little sooner was to set terms of Net 30 days and 1% 10 days. In other words, I gave a 1% discount for payment in 10 days or less. Helps with the overall cashflow.